John Sinkins, CFA
BankNorth Group Inc.
BNK-N
DON'T BUY
Jul 18, 2005
Acquiring Hudson United Bancorp. There are 2 ways to play this stock. Banknorth is seen as the aquirer to pay for the stock and might tend to sell down their shares while Toronto Dominion (TD-T) shares might go up. Buying TD would elimnate any exchange issues also.
You could buy this company's shares, but owning TD is a better way to go. Not sure that TD's shares will bump up on this acquisition, more likely after BankNorth completes its acquisitions.